Over the past six years, the housing industry crisis impacted most every American. As our country slowly pulls itself out of this housing mess, politicians and key industry leaders meet at events like this one to figure out ways to prevent it from happening again.

“Senator Crapo has been particularly active in trying to reform the Fannie and Freddy methods that we’ve used in America, as far as financing housing is concerned. It really need s to be redone, an argument can be made that it was the predicating factor of the great recession we just went through,” said United States Senator, Jim Risch.

And for those who are still struggling to keep their homes or have already lost them, how is fixing Fanny, Freddy, and FHA going to help?

“There are a lot of other government programs in place, that deal with those who are living through the current crisis, in their personal home or mortgage circumstances, this bill will look at what do we put together moving forward,” said United States Senator, Mike Crapo.

Senator Crapo is the ranking member on the United States Senate Committee on Banking, Housing and Urban Affairs. He’s behind the Johnson-Crapo bill, which aims to help mend the broken links in this complicated chain.